Initially, the new mortgage stress test prompted buyers to purchase a home before the rules took effect last year. (Home sales surged in December 2017 and reached the highest level ever recorded). Once the regulations took effect, home sales fell dramatically in the first quarter of 2018. According to CREA, combined sales for spring 2018 fell to a...

“The Gist” is adapted from the REALTORS® Association of Edmonton Monthly MLS® Report and Press Release. Every month I summarize and post “the gist” of the MLS® data for Edmonton and area real estate activity.

The average*** single family detached price in the service area of the Edmonton Multiple Listing Service® was down 0.97% to $421,715.The avera...

The data relating to real estate on this web site may come in part from the MLS® Reciprocity program of the REALTORS® Association of Edmonton. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2019 by the REALTORS® Association of Edmonton. All rights reserved - Listing data updated on February 22, 2019.